{"id":96344,"date":"2018-10-25T17:35:39","date_gmt":"2018-10-25T17:35:39","guid":{"rendered":"http:\/\/www.bnreport.com\/singapore-prepared-to-strike-uk-trade-deal-7\/"},"modified":"2018-10-25T17:35:39","modified_gmt":"2018-10-25T17:35:39","slug":"singapore-prepared-to-strike-uk-trade-deal-7","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/singapore-prepared-to-strike-uk-trade-deal-7\/","title":{"rendered":"Singapore prepared to strike UK trade deal"},"content":{"rendered":"<p>Prime Minister of Singapore Lee Hsien Loong said his country is ready to strike a trade deal with the U.K., which would come into effect at the end of any Brexit transition period.<\/p>\n<p>\u201cWe can do what the trade people call in the jargon a short-form agreement, which is basically to continue to do with Britain what we have agreed to do with the EU as if you [U.K.] were still inside it,\u201d he told BBC Radio 4s <a href=\"https:\/\/www.bbc.co.uk\/programmes\/m0000scx\" rel=\"noreferrer\" target=\"_blank\">Today Program<\/a> on Friday.<\/p>\n<p>Lee is attending the Asia-Europe summit in Brussels Friday to sign a new Singapore-EU <a href=\"https:\/\/www.consilium.europa.eu\/en\/press\/press-releases\/2018\/10\/15\/eu-singapore-council-adopts-decisions-to-sign-trade-and-investment-agreements\/\" rel=\"noreferrer\" target=\"_blank\">trade deal<\/a>, which will then need to be ratified by EU countries.<\/p>\n<p>He said that agreeing the terms of the EU trade deal with the U.K. is something Singapore is prepared to do. \u201cWe hope we will be able to continue arrangements with Britain, whether or not it is inside the EU \u2026 and then we have time to work some better long-term arrangements over time.\u201d<\/p>\n<p>Lee said he has discussed such an arrangement with U.K. Prime Minister Theresa May, adding it would apply straight away, once the transition period ended.<\/p>\n<p>\u201cWe are happy to buy your cheese,\u201d he said.<\/p>\n<p>Asked about his thoughts generally on Brexit, Lee said: \u201cFrom an economic point of view, its hard to make the argument that youll be in a superior position outside the EU than in, but I fully understand you have other considerations which may outweigh the economic one.\u201d<\/p>\n<p>Lee also downplayed some Brexiteers view of a low-tax, low-regulation, post-Brexit \u201cGlobal Britain,\u201d saying: \u201cI dont know that its possible to model Britain on the same basis as Singapore.\u201d<\/p>\n<h2><em>Read this next: <a href=\"https:\/\/www.politico.eu\/article\/donald-trump-considering-richard-grenell-for-un-ambassador\/\" rel=\"noreferrer\" target=\"_blank\">Trump considering Richard Grenell for UN ambassador<\/a><\/em><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister of Singapore Lee Hsien Loong said his country is ready to strike a trade deal with th..<\/p>\n","protected":false},"author":1,"featured_media":96345,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-96344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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